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Nov 30, 2012
11/12
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larry, former chairman and ceo of honeywell. one of our favorite guest hosts. you come about once every quarter, larry. >> i do. >> once a quarter. and -- i don't know. last quarter was -- seems like 10, 15 years ago at this point. doesn't it? >> it does to you. to me it is about right. >> with everything that we have been through. i -- i have had different thoughts today. i i will just -- let you give us your analysis of the fiscal cliff, where it stands and -- do you think that -- would it be okay to go over or would it not be okay to go over? >> i hi it is best not to go over. i think the opening by the president was disappointing because i think it is unrealistic and not happen. i do think there will be a deal and i think that the deal will be they will announce a framework that will be something like simpson-bowles, increase $3 billion in taxes. i think that will be the framework. i this that they will set a date next year where they are going to get the details in. in the meantime i think that -- >> that's a long way from where we are right now. >> it is.
larry, former chairman and ceo of honeywell. one of our favorite guest hosts. you come about once every quarter, larry. >> i do. >> once a quarter. and -- i don't know. last quarter was -- seems like 10, 15 years ago at this point. doesn't it? >> it does to you. to me it is about right. >> with everything that we have been through. i -- i have had different thoughts today. i i will just -- let you give us your analysis of the fiscal cliff, where it stands and -- do you...
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Nov 28, 2012
11/12
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our guests this morning include honeywell chairman and ceo dave cote. he will be on capitol hill today taking his message to lawmakers. >>> then coming up at 8:00 eastern time, we'll be joined by weren buffett. he'll be joining us with carol lumis. let's get over to andrew, he has this morning's other top headlines. >> good morning to you, becky. the obama administration saying that china's currency remains significantly undervalued, but the u.s. treasury department is now stopping short of labeling the world's second biggest economy a currency manipulator. the white house is expected now to send the congress a multi-billion-dollar request on the recovery from superstorm sandy. the storm caused an estimated $71 billion in damages in new york and new jersey, and some congressional aides saying the request for funding would likely be at least $11 billion. the move comes as canada gets close to its decision on whether to approve the transaction. the energy companies say discussions with the committee are still in progress, and of course they had to file ap
our guests this morning include honeywell chairman and ceo dave cote. he will be on capitol hill today taking his message to lawmakers. >>> then coming up at 8:00 eastern time, we'll be joined by weren buffett. he'll be joining us with carol lumis. let's get over to andrew, he has this morning's other top headlines. >> good morning to you, becky. the obama administration saying that china's currency remains significantly undervalued, but the u.s. treasury department is now...
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Nov 15, 2012
11/12
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cnbc caught up with honeywell chairman and c, o david cote. >> he understand this requires tax increases and entitlement reform and discretionary spending cuts that democrats and democrats have to work together, all that being said i'm sure there's going to be a lot of forth and back here between republicans and democrats, the congress and the president as they start to work their way to a deal, but i'd say there's strong recognition of the significance of getting a deal for the benefit of the american public and for the leadership it provides to the world. >> steve, you got something on this as well? >> there was a report out from the brookings institution, ten leadership lessones from simpson-bowles, quoted david cote saying during the debate, who are these people? who are these people if this were a company, i would fire you? this was two simpson-bowles commission in the middle of the debate where they reached a dead end, talking about some of the leadership and seemed to praise what david did. >> he even said the same thing on our air, david cote said the same thing, as a company, yo
cnbc caught up with honeywell chairman and c, o david cote. >> he understand this requires tax increases and entitlement reform and discretionary spending cuts that democrats and democrats have to work together, all that being said i'm sure there's going to be a lot of forth and back here between republicans and democrats, the congress and the president as they start to work their way to a deal, but i'd say there's strong recognition of the significance of getting a deal for the benefit...
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Nov 14, 2012
11/12
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and it's important because janet yellin has been mentioned as someone who could be the next chairman honeywell, walmart, general electric, p & g, pepsi, ibm, and chevron. we're going to talk about that looming fiscal cliff. john harwood joins us from the white house lawn this morning. and john, the big question is, will the president be listening to some of the ceo suggestions, or will this be more of a situation where the ceos are going to listen to what he's going to lay out? >> probably more of the latter than the former. i think the president sees his election having won 332 electoral votes in nearly all the swing states, giving him a little more strength in negotiations across the board. he's been involved in outreach for the last several days. yesterday, meeting with labor and liberal leaders. he's meeting today with those business leaders you mentioned. he's also communicating with the public directly with a press conference here with the white house this afternoon. and i think what the president's trying to do is build a constituency for this balanced approach he talked about, meaning
and it's important because janet yellin has been mentioned as someone who could be the next chairman honeywell, walmart, general electric, p & g, pepsi, ibm, and chevron. we're going to talk about that looming fiscal cliff. john harwood joins us from the white house lawn this morning. and john, the big question is, will the president be listening to some of the ceo suggestions, or will this be more of a situation where the ceos are going to listen to what he's going to lay out? >>...
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Nov 21, 2012
11/12
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dave cote from honeywell, the guy who runs the defense sector there -- >> is he french now? >> no, what's his name? >> very sophisticated. >> they were talking about how defense has to be cut and i think that's an important statement. i think this whole thing starts with the defense cuts and everything else will fall in line. i do think we'll get some resolution on this, whether it spills into the new year doesn't matter. i think everybody is preparing for the imminent tax hike anyway. it's just going to come. on the issue of dividends and capital gains, that will be hung out there, will we go up to the ordinary, i don't think so. i think it will be some compromise. it's not that i'm hoping that, but i think that there will be. >> does it matter if we -- so we cave. we're afraid, we don't want anything bad to happen. so we're going to raise some taxes. we're going to cave, but we're not going to really cut spending, we don't want to hurt anyone. this is what we do and no one could fail. you know, a couple years ago -- is it bad that we don't take our medicine now that we hav
dave cote from honeywell, the guy who runs the defense sector there -- >> is he french now? >> no, what's his name? >> very sophisticated. >> they were talking about how defense has to be cut and i think that's an important statement. i think this whole thing starts with the defense cuts and everything else will fall in line. i do think we'll get some resolution on this, whether it spills into the new year doesn't matter. i think everybody is preparing for the imminent...
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Nov 16, 2012
11/12
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. >> honeywell, jeff immelt was there, the list. and nothing happened. they went in there. they said let's avoid the fiscal cliff. let's get our hands around the deficit. president won't listen. said this is what i want. what is really bad about this is that it's a dog and pony show. it's a photo op. and it's a photo op for the president's position. what is scary about corporate america is that they have no problem being used by the white house to advance their position, which is insane. it isn't raising their taxes necessarily. what the president's budget wants to do is raise taxes on small businesses and guess what? not a single small business person at that meeting. >> eric: let's talk about the 439,000 initial jobless claims number yesterday. it sounds very, very strange to me that the full week after the election, the number jumps 78,000 and had been trending down. >> you did have sandy, right. people are saying somewhat hurricane relled. some people out of work. listen, i don't like this economy. when you talk about 2% growth and when you take out military spending, t
. >> honeywell, jeff immelt was there, the list. and nothing happened. they went in there. they said let's avoid the fiscal cliff. let's get our hands around the deficit. president won't listen. said this is what i want. what is really bad about this is that it's a dog and pony show. it's a photo op. and it's a photo op for the president's position. what is scary about corporate america is that they have no problem being used by the white house to advance their position, which is insane....